I have personal finance software installed on my mobile phone. I input all the info about purchases/spending in there so that I keep track of my money.
Recently I've got a credit card with a bank. Had several purchases using it. But the problem is that I do not know how such kind of transaction should be saved exactly, because I would like to track my debt separately. Should it be marked
agreed or however else? Separating credit debt from the cash would have greatly simplify my reporting operations. It would allow me to easily calculate how much I owe bank.
How are such transactions saved in more complex financial applications? I bet there is some generally accepted approach for credit transactions. Where can I read about it? High chances that I could apply such an approach for my personal finances.